As an additional safety measure for online transactions, several credit card companies now supply customers with one-time-use credit card numbers. These numbers can only be used once. Customers need to go to the website of the entity that issued their credit card in order to get the one-time-use number. Compared to the conventional means of using credit card numbers, what are the benefits of applying this technology instead? What are the benefits and drawbacks of using this method as opposed to authenticating yourself using an electronic payment gateway?

As an additional safety measure for online transactions, several credit card companies now supply customers with one-time-use credit card numbers. These numbers can only be used once. Customers need to go to the website of the entity that issued their credit card in order to get the one-time-use number. Compared to the conventional means of using credit card numbers, what are the benefits of applying this technology instead? What are the benefits and drawbacks of using this method as opposed to authenticating yourself using an electronic payment gateway?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter14: Money And Banking

Section14.3: Types Of Money In The United States

Problem 5R

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